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&\multicolumn{2}{c}{Revenue-maximizing} & \multicolumn{2}{c}{Progressive wealth taxes}\\
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Outcome & Capital income tax & Flat wealth tax & Warren & Sanders\\
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\multicolumn{5}{l}{\textit{(a) Baseline model}}\\
Tax rate (p.p. chg.)&30.00&4.44&--&--\\
Tax threshold (\$M)&--&--&--&32.00\\
Transfer (\% avg. wage)&2.90&3.00&--&--\\
[1.0ex]Concealed wealth (benchmark = 1)&--&--&--&--\\
Lost revenues (benchmark = 1)&--&--&--&--\\
[1.0ex]GDP (\% chg.)&-22.49&-22.95&--&--\\
Wage (\% chg.)&-21.33&-22.53&--&--\\
[1.0ex]Top 0.1\% share, reported (p.p. chg.)&-2.54&7.38&--&--\\
Top 0.1\% share, actual (p.p. chg.)&-2.54&7.38&--&--\\
[1.0ex]Welfare (\% chg.)&-16.47&-18.39&--&--\\
Approval rate (\%)&3.21&1.26&--&--\\
\midrule
\multicolumn{5}{l}{\textit{(b) No-evasion counterfactual}}\\
Tax rate (p.p. chg.)&30.00&4.44&--&--\\
Tax threshold (\$M)&--&--&--&32.00\\
Transfer (\% avg. wage)&2.90&3.00&--&--\\
[1.0ex]GDP (\% chg.)&-22.49&-22.95&--&--\\
Wage (\% chg.)&-21.33&-22.53&--&--\\
[1.0ex]Top 0.1\% share, actual (p.p. chg.)&-2.54&7.38&--&--\\
[1.0ex]Welfare (\% chg.)&-16.57&-18.49&--&--\\
Approval rate (\%)&3.21&1.26&--&--\\
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\end{tabular}
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